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Author Topic: The Growth of cryptocurrency over foreign currency.  (Read 280 times)
Fivestar4everMVP
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January 21, 2023, 11:08:04 PM
Last edit: January 21, 2023, 11:34:05 PM by Fivestar4everMVP
 #41

As a trend indead Bitcoin has really show it's potential value, as in case of society currently are about to change which will automatically make both investors and government agencies to change their currency into Bitcoin inorder to safe guard their money it is a note that there are every probability that in time to come cryptocurrency will be officially adopted so I encourage everyone to go into cryptocurrency either in terms of trading or investment.
Well, unfortunately, I don't think government agencies will adopt bitcoin so easily without continuing to put up a fight, this is because bitcoin is a direct opposition to them and their ethics/plans, those who are in power want to remain in power, they want to remain in control, and adopting bitcoin will automatically seize that power and control from them, this is because bitcoin is a decentralization currency and runs on a decentralized blockchain, it can't be controlled even by the government themselves, this is why bitcoin has not become a globally accepted currency by now.

But the fortunate thing is that, bitcoin is here to stay, they can't stop it, they've tried many times but have not succeeded, and neither will they ever succeed, bitcoin will one day, become a global currency like the US dollar, but the only thing is that, it will take a bit of time..

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Tamaperdana
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January 21, 2023, 11:31:38 PM
 #42

As a trend indead Bitcoin has really show it's potential value, as in case of society currently are about to change which will automatically make both investors and government agencies to change their currency into Bitcoin inorder to safe guard their money it is a note that there are every probability that in time to come cryptocurrency will be officially adopted so I encourage everyone to go into cryptocurrency either in terms of trading or investment.
Well, unfortunately, I don't think government agencies will adopt bitcoin so easily without continuing to put up a fight, this is because bitcoin is a direct opposition to them and their ethics/plans, those who are in power want to remain in power, they want to remain in control, and adopting bitcoin will automatically seize that power and control from them, this is because bitcoin is a decentralization currency and runs on a decentralized blockchain, it can't be controlled even by the government themselves, this is bitcoin has not become a globally accept currency by now.

But the fortunate thing is that, bitcoin is here to stay, they can't stop it, they've tried many times but have not succeeded, and neither will they ever succeed, bitcoin will one day, become a global currency like the US dollar, but the only thing is that, it will take a bit of time..
different philosophies between bitcoin and governance are sure to set a high and formidable barrier.
but that doesn't mean it won't be penetrated, the government also can't continue to use a monotonous philosophy to advance its country, surely sooner or later the government of every country that hasn't adopted bitcoin, will switch to a decentralized bitcoin philosophy system.
the residents would definitely agree with that.

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